Sabre
S&P 600
Cash Flow
Cash Flow Breakdown
Figures in US$OperatingInvestingFinancing
How to read this: the three bars show where cash moved each year. Operating is cash from the core business (you generally want this positive and growing). Investing is usually negative — money spent on assets or acquisitions. Financing shows money raised from, or returned to, lenders and shareholders. Bars above the line are cash in; bars below are cash out.
Operating Cash Flow vs Capex
Figures in US$Operating Cash FlowCapital Expenditure
How to read this: operating cash flow is the cash the business generated; capital expenditure is what it spent on long-term assets like plant and equipment. The gap between them is roughly free cash flow — the cash left over. A wide gap (operating well above capex) means the business funds its investment comfortably from its own earnings.
| Period | Operating Cash Flow | Investing Cash Flow | Financing Cash Flow | Capital Expenditure |
|---|---|---|---|---|
| FY2014 | $387.66M | $-258.79M | $-71.95M | $227.23M |
| FY2015 | $529.21M | $-729.04M | $93.14M | $286.70M |
| FY2016 | $699.40M | $-445.81M | $-190.03M | $327.65M |
| FY2017 | $678.03M | $-317.53M | $-356.78M | $316.44M |
| FY2018 | $724.80M | $-275.26M | $-306.51M | $283.94M |
| FY2019 | $581.26M | $-243.03M | $-409.72M | $115.17M |
| FY2020 | $-770.25M | $-1.29M | $1.84B | $65.42M |
| FY2021 | $-414.65M | $-29.43M | $-50.56M | $54.30M |
| FY2022 | $-276.46M | $173.98M | $-75.37M | $69.49M |
| FY2023 | $67.37M | $-109.98M | $-94.22M | $80.92M |
| FY2024 | $70.25M | $-29.61M | $39.57M | $79.53M |
| FY2025 | $-108.86M | $-73.82M | $-685.75M | $82.89M |
Figures in USD. Educational data only.
Understanding these terms
Plain-English explanations of each figure in the table above, and what a beginner typically looks at. These are educational descriptions only, not advice.
- Operating Cash Flow
- Cash produced by the company's core operations during the period. The US equivalent of "Cash from Operating Activity".How a beginner reads it: A beginner uses this as a reality check on profit, since it reflects cash actually collected. Healthy, consistent operating cash flow underpins a company's ability to invest and repay debt.
- Investing Cash Flow
- Cash used for or generated by buying and selling long-term assets and investments. The US equivalent of "Cash from Investing Activity".How a beginner reads it: A beginner expects this to be negative for companies investing in growth. Reading it next to operating cash flow shows whether the business funds its investments from its own earnings.
- Financing Cash Flow
- Cash flows with lenders and shareholders — borrowing, repaying, issuing shares, buybacks, and dividends. The US equivalent of "Cash from Financing Activity".How a beginner reads it: A beginner reads this to understand whether the company is taking in money (borrowing/issuing) or paying it out (repaying/dividends), and how that fits the operating picture.
- Capital Expenditure
- Money spent on buying or upgrading long-lived assets like plant, equipment, and buildings. Often shortened to "capex".How a beginner reads it: A beginner reads capex against operating cash flow to see whether a company funds its investment from its own earnings. Operating cash flow minus capex is roughly free cash flow.